Shareholders Give Approval to Gold Fields-Mvela R4.1 Billion Deal JOHANNESBURG, South Africa, March 8 /PRNewswire-FirstCall/ -- Shareholders of Gold Fields Limited ("Gold Fields") and Mvelaphanda Resources ("Mvela"), at respective general meetings of both companies, today voted overwhelmingly in favour of the transaction whereby a consortium headed by Mvela will acquire a 15% beneficial interest in the South African gold mining and related assets of Gold Fields for R4.1 billion. Completion of theblack economic empowerment deal, which involved lengthy and complex funding arrangements as well as compliance with regulatory conditions, was welcomed by Ian Cockerill, chief executive of Gold Fields. "We, in Gold Fields, are delighted that this groundbreaking deal has now been concluded as it is not only a major milestone in the history of both companies but of the South African mining industry. It forms part of the transformation process in the country, which we welcome, and is a significant steptowards meeting the requirements of the Mining Charter. "The deal is based on fair value at a firm market price, is economically sensible and sustainable for both existing and new shareholders and is truly broad based". He added: "We have built up anexcellent relationship with the Mvela management and I believe our relationship will be a sound one in the long term. I also believe that Mvela can add value to Gold Fields by creating other opportunities for us in the precious metals sector." Cockerill said that the cash from the deal would be used to grow Gold Fields for the benefit of all its stakeholders. Directors: C M T Thompson* (Chairman), A J Wright (Deputy Chairman), I D Cockerill** (Chief Executive Officer), G J Gerwel, N J Holland** (Chief Financial Officer), J M McMahon**, G R Parker***, R L Pennant-Rea**, P J Ryan, T M G Sexwale, B R van Rooyen, C I von Christierson *Canadian, **British, ***American Company Secretary: C Farrel Gold Fields Limited Reg. 1968/004880/06 DATASOURCE: Gold Fields Limited CONTACT: South Africa - Andrew Davidson, +27-11-644-2638, or Fax - +27-11-484-0639, or North America - Cheryl A. Martin, +1-303-796-8683, or Fax - +1-303-796-8293, both of Gold Fields Limited Web site: http://www.goldfields.co.za/

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